Business
Rwanda to Invest $2.37 Billion to Boost Mining Sector
January 13, 2024
Rwanda to Invest $2.37 Billion to Boost Mining Sector
The Rwanda Mines, Petroleum and Gas Board (RMB) has embarked on a three-year research initiative to assess the estimated mineral…
Afreximbank Helps Nigeria Secure $3.3 Billion Crude Oil Prepayment Facility
January 13, 2024
Afreximbank Helps Nigeria Secure $3.3 Billion Crude Oil Prepayment Facility
The Nigerian National Petroleum Company Limited (NNPCL) has obtained a syndicated US$3.3 billion crude oil prepayment facility, with support from…
How Uganda Plans to Handle Its Rising Debt Amidst Parliamentary Probe
January 12, 2024
How Uganda Plans to Handle Its Rising Debt Amidst Parliamentary Probe
Uganda’s national debt has become a source of worry for many, as the Budget Committee in Parliament recently discovered. The…
Tanzania Inks Investment Deal With London Stock Exchange
January 12, 2024
Tanzania Inks Investment Deal With London Stock Exchange
The Tanzanian High Commission in the United Kingdom has entered into an investment deal with the London Stock Exchange (LSE).High…
Tanzania Launches $15 Billion FDI Campaign Among its Citizens
January 12, 2024
Tanzania Launches $15 Billion FDI Campaign Among its Citizens
Tanzania is targeting new investment projects worth $15 billion by the year 2025 in a nationwide campaign.It is a strategic…
Understanding the New NSSF Contribution Rates and Their Implications
January 12, 2024
Understanding the New NSSF Contribution Rates and Their Implications
The National Social Security Fund (NSSF) has announced adjustments in contribution rates for year 2, aligning with the 3rd Schedule…
ATC Kenya Appoints George Odenyo its New CEO
January 11, 2024
ATC Kenya Appoints George Odenyo its New CEO
American Tower Corporation Kenya (ATC Kenya) has appointed George Odenyo as its new Chief Executive Officer (CEO), effective January 1,…
Sugar Prices Rising in Nigeria After Crops Hit by Extreme El Nino Weather Pattern
January 11, 2024
Sugar Prices Rising in Nigeria After Crops Hit by Extreme El Nino Weather Pattern
Extreme weather around the globe associated with the El Nino weather pattern is making sugar more expensive in Nigeria, which…
How EPRA’s Latest Electricity Price Hike Will Affect Kenyans
January 11, 2024
How EPRA’s Latest Electricity Price Hike Will Affect Kenyans
The Energy and Petroleum Regulatory Authority (EPRA) has announced a 16.5% increase in electricity prices starting from January 2024, citing…
Limuru Tea Issues Profit Warning on Eroding Shilling Value
January 11, 2024
Limuru Tea Issues Profit Warning on Eroding Shilling Value
Limuru Tea Plc, a key player in the green-leaf tea industry and a major supplier to eKattera Tea Kenya PLC…